WildHorse Resource Development Corporation Announces Dividend on Series A Perpetual Convertible Preferred Stock
WildHorse Resource Development Corporation (NYSE:WRD) today announced an
aggregate quarterly dividend of $2.175 million on its 435,000 shares of
6.0% Series A Perpetual Convertible Preferred Stock. The dividend was
paid by an automatic increase to the accreted value of each such share
of Series A Perpetual Convertible Preferred Stock, which were issued
with an initial accreted value of $1,000. The dividend is for the period
beginning on June 30, 2017 (the issuance date of the Series A Perpetual
Convertible Preferred Stock) to July 31, 2017 and was paid to holders of
record on July 15, 2017.
About WildHorse Resource Development
WildHorse Resource Development Corporation is an independent oil and
natural gas company focused on the acquisition, exploration, development
and production of oil, natural gas and NGL properties primarily in the
Eagle Ford Shale in East Texas and the Over-Pressured Cotton Valley in
North Louisiana.
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Copyright Business Wire 2017
Source: Business Wire
(July 31, 2017 - 4:30 PM EDT)
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